Author Archive: Kashish Shah

Research Associate Kashish Shah has worked in the banking and public sectors in India and has a master’s degree in economics from the University of Sydney and an engineering degree from NMIMS University in Mumbai.

IEEFA India: New record with renewable energy installations 40 times higher than thermal

India experienced a doubling of installed renewable capacity in less than three years

SYDNEY–During the first nine months of 2018/19 renewable energy capacity was installed at a rate forty times higher than net new thermal capacity in India. At this juncture certain adjectives come to mind, including historic, unprecedented, transformational, problematic and unsustainable. This post aims to detail what has changed in India, and why all of these […]

and January 29, 2019 Read More →

IEEFA India: Removing the roadblocks to accelerate renewable energy deployment

Solar and wind projects can be scaled up quickly and financing is available

India is transforming its national electricity system by incorporating deflationary renewables. In doing so, it is improving energy security, reducing reliance on imported fossil fuels, addressing air pollution, and lowering emissions intensity. The timing of this transformation is spot on. India’s economy is set to double by 2030. Even with improved energy efficiency and lower […]

and December 4, 2018 Read More →
IEEFA update: India on track to meet majority of Paris goals

IEEFA update: India on track to meet majority of Paris goals

Becoming a global climate leader by meeting one target a decade earlier

Dec 3, 2018: IEEFA finds that  India is on track to achieve the majority of its Paris agreement goals, with further estimates that India will achieve its 40% non-fossil fuel capacity target a decade early. India’s achievement follows Prime Minister Narendra Modi’s 2015 announcement of ambitious policy commitments to meet the global Paris Agreement, with an emphasis […]

IEEFA India: Company’s new estimates for tariffs at proposed Khurja thermal coal plant are inconsistent and unrealistic

THDC should come clean on assumptions behind revised cost of energy from Khurja plant

SYDNEY – In a report we published last week, IEEFA found that Tehri Hydro Development Corp. (THDC)’s proposed Khurja coal-fired power plant in Uttar Pradesh, India would push up the cost of electricity at a time when the country’s renewable energy options are far cheaper, accessible and more sustainable. One of the major stumbling blocks […]

and October 30, 2018 Read More →
IEEFA update: Offshore wind power, the underexplored opportunity that could replace coal in Asia

IEEFA update: Offshore wind power, the underexplored opportunity that could replace coal in Asia

Technological improvements have changed the game; global capacity could grow to 115 GW by 2030

The global renewable electricity sector transformation has gained unprecedented impetus due to accelerated deflation in wind and solar power costs. Classic benefits of technological improvements, innovative financing, low externalities and economies of scale have all come to fruition in the renewable energy sector. In IEEFA’s view, similar momentum is unfolding in the underexplored domain of […]

and August 30, 2018 Read More →

IEEFA update: India coal plant cancellations are coming faster than expected

Global Coal Plant Tracker shows project pipeline shrinking by 25%

The latest data from the Global Coal Plant Tracker (GCPT) shows that India’s coal-fired pre-construction project pipeline has shrunk by a quarter, that is 24 GW in the last six months alone. India’s thermal power giant NTPC Ltd has reportedly shelved 10.5 GW of its planned coal-fired power projects year-to-date. Project cancellations are coming faster […]

and August 23, 2018 Read More →

IEEFA update: Risk to India’s banking sector in rising tide of stranded assets

An array of market and policy forces continues to undermine coal-fired electricity generation

SYDNEY — The thermal sector of India’s power-generation industry that accounts for US$40-60 billion in potentially stranded assets continues to pose trouble for Indian banks. The sector’s underperformance is exemplified by unsustainably low capacity utilisation rates of less than 60% over the past two years combined with excessive financial leverage that makes debt servicing extremely […]

and August 21, 2018 Read More →

IEEFA Update: Solar Continues to Lead India’s Electricity-Generation Transition

April Gains Show More Momentum, Driven by Falling Costs and Technological Innovation

India installed a record 10 gigawatts (GW) of solar electricity capacity in fiscal year 2017-2018, twice the rate logged in the previous year, and nearly double the country’s entire solar base. The gains put India at 22 GW of total cumulative capacity—and the trend is continuing. A number of announcements in April 2018 show momentum […]

IEEFA India: New National Electricity Plan Reinforces Intent Toward 275 Gigawatts of Renewables-Generated Electricity by 2027

IEEFA India: New National Electricity Plan Reinforces Intent Toward 275 Gigawatts of Renewables-Generated Electricity by 2027

Latest Energy Policy Document Supports Transition Momentum; 48 GW of Coal Plant Closures Seen Over the Next Decade

India’s newest power-sector blueprint, the National Electricity Plan 2018 (NEP 2018), reinforces the government’s commitment to transforming the Indian electricity sector, retaining a core target of 275 gigawatts (GW) of renewable energy by 2027. Meanwhile, a Central Electricity Authority data release that tracks the performance of the sector over the fiscal year to March 2018 […]

IEEFA Update: Tamil Nadu Is on a Renewables Roll

Market Gains and Policy Action Drive Expansion

It’s been a few weeks since IEEFA’s publication of our case study of Tamil Nadu, India’s leading state in terms of renewable energy capacity, and developments demand an update already. Wind and solar tenders of 3 additional gigawatts have since been proposed; a 500-megawatt industrial solar park is under development; construction of a 660-megawatt coal […]